Facebook has been somewhat immune to the crisis with its shares rising 2.58% to $286.93 at 11:05 EST on Monday, after two consecutive sessions in a row of losses. The Nasdaq Stock Market is rising 0.45% to $12,520.60, after two consecutive sessions in a row of gains, on what so far seems, a somewhat positive trend trading session today.
Facebook’s last close was $279.70, 6.18% below its 52-week high of $304.67.
News about Facebook today
U.s., states poised to sue Facebook for monopoly abuse. According to today’s article on Bloomberg Quint, “Facebook Inc. will soon be hit by federal and state antitrust lawsuits accusing the social media giant of abusing its dominance and thwarting competition, according to three people familiar with the matter.”
Facebook’s sales growth is 24.7% for the present quarter and 24.6% for the next. The company’s growth estimates for the present quarter and the next is 24.2% and 20.5%, respectively.
Year-on-year quarterly revenue growth grew by 21.6%, now sitting on 78.98B for the twelve trailing months.
Facebook’s Stock Top and Bottom Yearly Value
Facebook’s stock is valued at $286.93 at 11:05 EST, below its 52-week high of $304.67 and way higher than its 52-week low of $137.10.
Facebook’s Moving Average
Facebook’s worth is above its 50-day moving average of $276.60 and way above its 200-day moving average of $257.86.
Previous days news about Facebook
Facebook failed to put fact-check labels on 60% of the most viral posts containing Georgia election misinformation that its own fact-checkers had debunked, a new report says. According to Business Insider on Fri Dec 4, “Facebook has promised repeatedly that it would crack down on election-related misinformation.”